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Shadowfax Technologies IPO IPO

Mainline20 Jan 202622 Jan 2026
Open
20 Jan 2026
Close
22 Jan 2026
3
Allotment
Listing
Wed, Jan 28, 2026
Price Band
₹118 to ₹124
Issue Size
15,38,12,014 shares (agg. up to ₹1,907 Cr)
Lot Size
120 Shares
Listing Date
Wed, Jan 28, 2026
Latest GMP
₹-3.5
Est. Gain
-2.82%
✦ AI Insight

GMP Trend

28-01-2026-3.5Est. ₹120.5-2.82%
27-01-2026-3.5Est. ₹120.5-2.82%
26-01-2026-4Est. ₹120-3.23%

Live Subscription

CategorySubscription (times)
Total2.02x

Restated Financials (₹ Cr.)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets1,453.161,259.26786.14442.73
Total Income1,819.802,514.661,896.481,422.89
Profit After Tax21.046.06-11.88-142.64
EBITDA64.3456.1911.37-113.47
NET Worth693.53660.43421.78176.32
Reserves and Surplus281.26248.16172.47171.20
Total Borrowing147.44132.2340.3366.69
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Om Freight Forwarders Ltd.Mainboard₹122.31 Cr₹13519.56₹85.57-36.61%₹92.48 (-2.83%)
Glottis Ltd.Mainboard₹307.00 Cr₹12918.38₹83.70-35.12%₹67.00 (+0.24%)
Global Ocean Logistics India Ltd.SME₹30.41 Cr₹7812.07₹79.29+1.65%₹139.00 (+4.51%)
Neptune Logitek Ltd.SME₹46.62 Cr₹12613.76₹95.80-23.97%₹35.25 (+0.71%)
Shipwaves Online Ltd.SME₹56.35 Cr₹129.3₹11.40-5.00%₹3.36 (-2.33%)
Jayesh Logistics Ltd.SME₹28.63 Cr₹12210.75₹117.80-3.44%₹129.65 (-1.03%)
Sunsky Logistics Ltd.SME₹16.84 Cr₹4615.6₹53.55+16.41%₹40.70 (+7.11%)
Dhillon Freight Carrier Ltd.SME₹10.08 Cr₹7210.49₹54.72-24.00%₹34.50 (-7.01%)
BLT Logistics Ltd.SME₹9.72 Cr₹756.84₹95.49+27.32%₹30.55 (-2.68%)
Blue Water Logistics Ltd.SME₹40.50 Cr₹13510.12₹148.05+9.67%₹414.95 (+0.29%)
Iware Supplychain Services Ltd.SME₹27.13 Cr₹959.31₹80.90-14.84%₹513.75 (+5.00%)
Rapid Fleet Management Services Ltd.SME₹43.87 Cr₹19212.25₹200.90+4.64%₹184.00 (+2.22%)
Paradeep Parivahan Ltd.SME₹44.86 Cr₹987.4₹82.32-16.00%₹224.80 (+0.83%)
PDP Shipping & Projects Ltd.SME₹12.65 Cr₹13511.89₹102.85-23.81%₹50.01 (+0.00%)
Tejas Cargo India Ltd.SME₹105.84 Cr₹16822.35₹168.00+0.00%₹385.00 (+1.32%)
GB Logistics Commerce Ltd.SME₹25.07 Cr₹10212.03₹81.75-19.85%₹28.87 (+4.98%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding of capital expenditure requirements of the Company in relation to the network infrastructure423.43
2Funding of lease payments for new first mile centers, last mile centers and sort centers138.64
3Funding of branding, marketing and communication costs88.57
4Unidentified inorganic acquisitions and general corporate purposes291.94
5Issue Expenses109.51
Total1,052.09

About Shadowfax Technologies IPO

Incorporated in June 2016, Shadowfax Technologies Ltd is a logistics solution provider company in India. The company offers e-commerce express parcel delivery and a suite of value-added offerings. Its service offerings include e-commerce and D2C delivery, hyperlocal & quick commerce within hours or same day, and SMS & personal courier services through Shadowfax's Flash app. The company's nationwide logistics network includes 4,299 touchpoints across first- and last-mile centres and sort centres as of September 30, 2025, serving 14,758 pin codes. It is supported by over 3.50 million sq ft of operational space, including 53 sort centres covering 1.80 million sq ft, for shipment consolidation, sorting, and dispatch. The company leases its logistics facilities and linehaul, owning automation and machinery for control. It operates a dedicated fleet of over 3,000 trucks daily as part of its asset-light linehaul network. As of September 30, 2025, the company's platform had 205,864 Average Quarterly Unique Transacting Delivery Partners. The company's clients include Meesho, Flipkart, Myntra, Swiggy, Bigbasket, Zepto, Nykaa, Blinkit, Kartrocket, Zomato, Uber, Pincode, Purplle, Licious, ONDC

Contact Details

Shadowfax Technologies Ltd. Address3rd Floor, Shilpitha Tech ParkSy No.55/3 & 55/4, Outer Ring RoadDevarabisanahalli Village, Bellandur, Varthur HobliBengaluru, Karnataka, 560103hello@shadowfax.inVisit Website